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a layman's approach to break out and break down
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Author a layman's approach to break out and break down
casper
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Joined: 02 Oct 2010
Posts: 1315

Post: #1066   PostPosted: Tue Jan 04, 2011 11:26 pm    Post subject: Reply with quote

girishhu1 wrote:
hello casperji,
enclosing chart of hcltech bo at 463.8 level with vol. kindly confirm
regards,
girish


yes girishbhaiya

this is a bo


but we have resistance around 465 and 475.plz watch out these levels

in daily chart the macd is already bearish, so we need to be careful also
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casper
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Joined: 02 Oct 2010
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Post: #1067   PostPosted: Tue Jan 04, 2011 11:33 pm    Post subject: Reply with quote

hiii sumesh


onmobile has some resistance at bo level itself, we got 89 ema/ monthly and weekly resistance at 312 level


u can buy here with a target of 312 or else buy above a hourly candle close of this level


liberty shoe


what to say? robust set up. target is 125. r2

and sl below r1, means 115

nice finding

i wonder from where u are getting set ups like this??? devil2



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newinvestor
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Post: #1068   PostPosted: Wed Jan 05, 2011 12:12 am    Post subject: Reply with quote

[b]sumesh and vishy is service holder, i have a small business, we all remains very busy with our work and our trading also, it is not easy to find set ups and post that everyday. still we do this. just to see some happy faces of our brothers at the end of days. just to have the reason to smile together and enjoy whatever lil bit we can earn from the market this way. we have no intention and practically no reason to advertise ourselves as "experts", all we do is out of our passion for T.A and with a feelings to share whatever we can through this media.

but if any of u take our calls without adhering to proper risk management it can turn the whole thing upside down and ruins our days

because we like to be clear before our inner-selves, so we just cant wash out our hands saying "why he has traded this call? i hav not forced any body!!!! " [/b]


Your efforts are much appreciated. I have gotten interested in TA by following this thread.

Keep up the enthusiasm. There are a lot of happy faces , for sure
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mrvishal_g
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Post: #1069   PostPosted: Wed Jan 05, 2011 8:38 am    Post subject: Reply with quote

Hi Casper ,
You are doing a great job, keep going on.
I am not posting everyday due to time problem and login in ichart due to your thread specially.

Thanks brother
Vishal
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casper
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Post: #1070   PostPosted: Wed Jan 05, 2011 9:03 am    Post subject: Reply with quote

a few charts for today

sell with break down and use a candle close above the bd level as ur stop loss

1.3iinfotech= sell below 61.50, target 60.50,60


2. aartiind= sell below 62, target 60. 58


3.apollotyre= positional buy above 72 and target could be some where around 75.80.85, but this is for positional only

4.cairn= sell belwo 341. target 335

5. dlf= sell below 290, target 285.280

if we get a gap down avoid selling and if we get a gap up then avoid buying

( for considerable gaps only)



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casper
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Post: #1071   PostPosted: Wed Jan 05, 2011 9:09 am    Post subject: Reply with quote

hiii newinvestor , vishal and all

urs support is my only strength

i feel lucky to have such a nice company and i am also learning and loving T.A more and more every day Very Happy

just i feel that in this kind of market, earning from here is not an easy task, we must learn from our mistakes also and take pre-caution so that our mistakes dont wipe out us from the market


we often, in our conversation, say jokingly " use stop loss so that u dont need to use 'stop trading' Smile "
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sumesh_sol
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Post: #1072   PostPosted: Wed Jan 05, 2011 9:43 am    Post subject: SUN TV... Reply with quote

SUN TV...
**********
Above 558.. road open for 580....

-Sumesh



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beowulf
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Post: #1073   PostPosted: Wed Jan 05, 2011 9:57 am    Post subject: Kilburn Chem Reply with quote

KILBURN CHEMICAL showing a BO


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sumesh_sol
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Post: #1074   PostPosted: Wed Jan 05, 2011 10:53 am    Post subject: TTML... Reply with quote

TTML....
*********
AT Break in progress....

Above 20.6(also r1 & 50 SMA) for 21.5/21.7/22



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casper
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Post: #1075   PostPosted: Wed Jan 05, 2011 12:40 pm    Post subject: Reply with quote

bhartiartl

breaking down

89 ema is here to arrest the failing knife

if that too broken then target 345



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beowulf
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Post: #1076   PostPosted: Wed Jan 05, 2011 1:28 pm    Post subject: Jindal Saw Reply with quote

Casper/Chrome/Sumesh/Ravi and Experts,
Does Jindal Saw qualify as a BO candidate. The charts look good. LTP today was 207.50 with good volumes. Do you see any issues. Please guide.

Thanks,
Beo



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casper
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Post: #1077   PostPosted: Wed Jan 05, 2011 2:00 pm    Post subject: Re: Jindal Saw Reply with quote

beowulf wrote:
Casper/Chrome/Sumesh/Ravi and Experts,
Does Jindal Saw qualify as a BO candidate. The charts look good. LTP today was 207.50 with good volumes. Do you see any issues. Please guide.

Thanks,
Beo


yes beo

it bo candidate for sure

if it sustain above 210 then we can expect 220-230 in coming days
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casper
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Post: #1078   PostPosted: Wed Jan 05, 2011 2:17 pm    Post subject: Reply with quote

casper wrote:
an analysis of ICICI bank as of 4th January 6.20 pm


i was not asked this question, still i am trying to describe how i see icici bank now. if one of my brothers gets trapped as higher as 1150 and still holds icici bank then the situation becomes quite indigestible for me.


icici closed around 1104, being a basic member, my chart is not updated, so i have marked the zone with dark color in the chart

at this level, we see the lower band of the bollinger band and 23% of fib retracement of previous up move stays. so here we expect a good support


the 5 min and 15 min break up of icici data shows a strong positive divergence which may signal for some up move, not a robust move, still some up move, my experience says it can go up to weekly s1


at the same time we have a double top formation at 1150 level which has broken down today,

now joining the fact of support and double top, we can safely assume that if the stock holds 1100 level then can go up to 1120

and if this stock breaks below 1100, we can expect 1050


now, let us think about what may happen tomorrow and how can we tackle the situation


1. suppose it is holding 1100, then with the stop loss of weekly s2 at 1092, we can buy some more to average our existing position and book the total position at weekly s1 at 1120 or monthly pivot at 1125


2. suppose it is broken down from1100 level then we can buy put of 1100 and target 1050 or wherever it stops, in this case we would not close the 1150 buy position we already have


let icici take support, we will sell the put with good profit and buy another lot of icici in future to average our existing position

then we can sell it when it retrace back to 1100-1125 level again in coming days


that is the two possibilities i can see now


at last i would like to say something

sumesh and vishy is service holder, i have a small business, we all remains very busy with our work and our trading also, it is not easy to find set ups and post that everyday. still we do this. just to see some happy faces of our brothers at the end of days. just to have the reason to smile together and enjoy whatever lil bit we can earn from the market this way. we have no intention and practically no reason to advertise ourselves as "experts", all we do is out of our passion for T.A and with a feelings to share whatever we can through this media.

but if any of u take our calls without adhering to proper risk management it can turn the whole thing upside down and ruins our days

because we like to be clear before our inner-selves, so we just cant wash out our hands saying "why he has traded this call? i hav not forced any body!!!! "


so plz, to keep the things going, help us by using stop loss




so much thinking so much typing all seems to be in vein 24


those who are supposed to make profit will make profit and those who are supposed to make loss is making loss

anna was telling me in morning " why are u taking things so personally? dont dictate any one and let them decide what to do, afer all its their money, not urs, so they will decide. u better not force any one"

i was arguing with him. may be i have hurt him also, but looking at the situation, i think he is right. it is said "always listen to seniors" its true Very Happy


LOOKING AT THE SITUATION, I FEEL, FOR THE GUY I WROTE COVERING ALL THE ASPECTS, IS STILL HOLDING ICICI WITH OUT DOING ANY THING


i am sorry, this is not a market related post. this is just what i felt, and since it is not my personal blog website so i think i would better not write this post

but then i want to be genuine and i really feel that we are a family, thats why writing all these. Very Happy

u can ignore this post as well, sorry for wasting ur time

but when every one is making more or less money, but one of us is making huge loss, somewhere in me something pricks. this is the reason of this post
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beowulf
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Post: #1079   PostPosted: Wed Jan 05, 2011 2:42 pm    Post subject: Reply with quote

Hi Casper,
Let me assure you that NONE of your typing is in vain Wink
I'm sure everybody here really appreciates all the advice from you and other senior members.
Even Rakesh Jhunjhunwala makes a bad call once in a while. As newbies, we do tend to get emotional about some scripts, maybe we are related to some cos. in some ways or we have missed a chance to make good profits in the past and when the script jumps again, we want to make most of it, now our emotion does not allow to look at the imp factors. I guess everybody learns this way.
So please do provide inputs...a child learns to walk faster if elders hold their hand. But even elders cannot prevent the child from falling, children just pick themselves up and start again. Maybe this is the way to learn trading Smile
You know better Smile
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sherbaaz
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Joined: 27 May 2009
Posts: 543

Post: #1080   PostPosted: Wed Jan 05, 2011 3:04 pm    Post subject: Reply with quote

casper wrote:
casper wrote:
an analysis of ICICI bank as of 4th January 6.20 pm


i was not asked this question, still i am trying to describe how i see icici bank now. if one of my brothers gets trapped as higher as 1150 and still holds icici bank then the situation becomes quite indigestible for me.


icici closed around 1104, being a basic member, my chart is not updated, so i have marked the zone with dark color in the chart

at this level, we see the lower band of the bollinger band and 23% of fib retracement of previous up move stays. so here we expect a good support


the 5 min and 15 min break up of icici data shows a strong positive divergence which may signal for some up move, not a robust move, still some up move, my experience says it can go up to weekly s1


at the same time we have a double top formation at 1150 level which has broken down today,

now joining the fact of support and double top, we can safely assume that if the stock holds 1100 level then can go up to 1120

and if this stock breaks below 1100, we can expect 1050


now, let us think about what may happen tomorrow and how can we tackle the situation


1. suppose it is holding 1100, then with the stop loss of weekly s2 at 1092, we can buy some more to average our existing position and book the total position at weekly s1 at 1120 or monthly pivot at 1125


2. suppose it is broken down from1100 level then we can buy put of 1100 and target 1050 or wherever it stops, in this case we would not close the 1150 buy position we already have


let icici take support, we will sell the put with good profit and buy another lot of icici in future to average our existing position

then we can sell it when it retrace back to 1100-1125 level again in coming days


that is the two possibilities i can see now


at last i would like to say something

sumesh and vishy is service holder, i have a small business, we all remains very busy with our work and our trading also, it is not easy to find set ups and post that everyday. still we do this. just to see some happy faces of our brothers at the end of days. just to have the reason to smile together and enjoy whatever lil bit we can earn from the market this way. we have no intention and practically no reason to advertise ourselves as "experts", all we do is out of our passion for T.A and with a feelings to share whatever we can through this media.

but if any of u take our calls without adhering to proper risk management it can turn the whole thing upside down and ruins our days

because we like to be clear before our inner-selves, so we just cant wash out our hands saying "why he has traded this call? i hav not forced any body!!!! "


so plz, to keep the things going, help us by using stop loss




so much thinking so much typing all seems to be in vein 24


those who are supposed to make profit will make profit and those who are supposed to make loss is making loss

anna was telling me in morning " why are u taking things so personally? dont dictate any one and let them decide what to do, afer all its their money, not urs, so they will decide. u better not force any one"

i was arguing with him. may be i have hurt him also, but looking at the situation, i think he is right. it is said "always listen to seniors" its true Very Happy


LOOKING AT THE SITUATION, I FEEL, FOR THE GUY I WROTE COVERING ALL THE ASPECTS, IS STILL HOLDING ICICI WITH OUT DOING ANY THING


i am sorry, this is not a market related post. this is just what i felt, and since it is not my personal blog website so i think i would better not write this post

but then i want to be genuine and i really feel that we are a family, thats why writing all these. Very Happy

u can ignore this post as well, sorry for wasting ur time

but when every one is making more or less money, but one of us is making huge loss, somewhere in me something pricks. this is the reason of this post



Hi,

The more you analysis the more you are prone to be wrong.
Dont get trap in "ANALYSIS PARALYSIS".

Regards,
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